McDonald's Stock Rallies After Much-Needed Q2 Win

Core Insights - McDonald's Corp reported second-quarter earnings of $3.19 per share on revenue of $6.84 billion, exceeding expectations, driven by marketing efforts and menu changes [1] Financial Performance - The stock price increased by 3% to $307.75, reaching its highest level since June and on track for the largest single-day percentage gain since April 22 [2] - Year-over-year, McDonald's shows a 13.9% lead in performance [2] Market Sentiment - Despite recent successes, there are concerns regarding McDonald's ability to retain low-income consumers, with 18 out of 33 firms maintaining a "hold" or worse rating on the stock [3] - Options traders have shown increased bullish sentiment, with a 10-day call/put volume ratio of 1.76, ranking higher than 82% of readings from the past year [4] Options Activity - Current options volume is double the typical intraday average, with 12,000 calls and 9,374 puts traded, indicating strong interest [5] - The most popular contract is the 8/8 weekly 310-strike call, with new positions being opened [5]